Gazprombank, services to enterprises and employees of other sectors (chemical, engineering, defence, nuclear etc.)
Joint-stock Bank of the Gas Industry "Gazprombank" is the authorized bank of OAO "Gazprom" and enters the top five Russia's banks with regard to its main financial indices.
Besides the gas industry, Gazprombank currently renders banking services to enterprises and employees of other real sector industries (chemical, engineering, defense, and other industries). The Bank's client base consists of approximately 1,5 million retail clients, over 36 000 corporate clients, including 1000 enterprises and institutions of the gas industry.
Gazprombank has available a ramified regional network. The network comprises 33 affiliates and seven member banks (with Gazprombank's holding in their charter capital) of the Interregional Banking Group for the Gas Industry created in 1999, totally around 260 banking offices. Gazprombank also has shareholding in foreign bank - Belgazprombank (Belarus).
In contrast to many other Russian large banks, Gazprombank virtually with no losses survived the crisis affected all Russian banking system in 1998. Prompt settlements conducting, fulfillment of all obligations to its customers, readiness for cooperation allowed Gazprombank not only to retain its position but also even to improve it significantly. During the post-crisis period a considerable number of large-scale Russian companies including those manufacturing export production became Gazprombank's customers.
The components of Gazprombank's success are:
Coherent policy, orientation for work with the real sector of the economy, predominantly with industrial enterprises.
Responsibility, will and desire to carry out its obligations to lenders, contractors and depositors.
The rating agency Moody's Investors Service has been placing the Bank at the maximum level in its ratings at the ceiling for such ratings in Russia.
The Gazprombank's priorities in its activity are:
Increase of the efficiency of enterprises' settlements;
Lending and investment activity;
Objective banking programs' implementation (the biggest depository network, non-cash settlement system based on plastic cards, the unified settlement center, Internet-dealing etc.).
The Bank provides service for large-scale international projects such as "Yamal-Europe" gas pipeline laying from Siberia to Europe; "Blue Stream" - for gas transportation across the Black Sea bed to Turkey; pipelines laying on the territory of Central, Eastern and Southern Europe. A system of banking services is creating for OAO "Gazprom" long-term projects in Siberia and the Far East on Russian gas supplies to Japan, China, and South Korea.
Currently a transition to a qualitative new policy of the Bank's development is being implemented: in future the main growth of financial indicators will be reached only at the expense of the management and planning improvement, active introducing of new technologies, services and products, integrated system of financial risks management.
Despite of large-scale and complicated tasks facing Gazprombank, all necessary conditions exist for its further successful development.
Gazprombank Company Tags: Gazprombank Moscow, Russia, chemical, engineering, defence, nuclear, the biggest depository network, non-cash settlement system based on plastic cards, the